However, the president's statement has not been backed up with evidence, suggesting that he is simply trying to drum up business by making the Petro look like a must-have investment whilst the opportunity remains.

Officials say the so-called petro is backed by Venezuela's crude oil reserves, the largest in the world. There is the opportunity for ICO-period investors to be involved in a four-level commission structure, but that looks nothing like a pyramid.

The announcment came as President Nicolas Maduro called snap legislative elections in Venezuela on Wednesday to coincide with the vote.

The President of Venezuela, Nicolas Maduro has taken this step with the hope that it will allow the ailing OPEC nation to ignore the USA sanctions.

The petro will not be a token on the Ethereum network, as was previously disclosed in a whitepaper provided by the government.

Hamas denies United States accusations on Gaza misery
Israeli air forces conducted airstrikes on agricultural lands east of Rafah City in the southern Gaza Strip on Monday at dawn . Later on Saturday, terrorists launched a rocket at an Israeli border community, causing damage to a house but no injuries.

Venezuela's Communications and Information Minister Jorge Rodriguez said later that after the two sides agreed on all the points, the opposition changed its stance because of "interference of other side". "We are in the technological and economic vanguard to overcome the speculation of worldwide currencies that affect the lives of Venezuelans". He's authorized payments in cryptocurrency for Venezuela's consulate services and fuel on the border, reportedly saying, it is just the "kryptonite" Venezuela needs to take on Superman, which observers say is code for taking on the U.S.

Bitcoin and other digital tokens are already widely used in Venezuela as a hedge against hyperinflation and an easy-to-use mechanism for paying for everything from doctors*visits to honeymoons in a country where obtaining hard currency requires transactions in the illegal black market.

In the first year, the Venezuelan government will release 100 million petros, according to the AP report. However, critics claim that this is nothing but a desperate effort made by Caracas to raise cash.

Venezuela now has one of the highest inflation in the world.

It's the claim that USA investors are among the Petro buyers that is raising eyebrows. The US Treasury Department has warned it may violate sanctions levied previous year. Because of that, it could expose USA citizens to legal risks.

The government did not respond to a request for comments on the study, but its supporters often accuse academics of exaggerating data and being in league with the opposition.

Bezeq's controlling shareholder Shaul Elovitch is also in custody, along with his wife, son and other top Bezeq executives. He is accused of receiving lavish gifts from Hollywood mogul Arnon Milchan and Australian billionaire James Packer.

Dominik Kubalik and Michal Jordan scored in regulation time for the Czechs, who edged South Korea 2-1 in their opener. The Czechs, with an effective forecheck, proved to be a stubborn opponent who twice came back from deficits.

Rebecca Johnson , the wife of former representative Dan Johnson, tried taking over his seat after he killed himself . We ran a very positive campaign and we were trying to reach out and touch the people of Bullitt County and we did.

Epic Games announced the dates for the season in a Reddit comment and we're sure it has been announced elsewhere as well. Seven new challenges will unlock each week, but we'll only have to complete four of them to unlock the rewards.

Nevertheless, it is unlikely that the ANC leadership, long intimidated by Zuma, has ever spoken to him in such plain terms. Malema said Zuma ruined the future of Magaqa and countless other young leaders because they dared to challenge him.

Welcome to Fightful's live coverage and discussion for Monday Night WWE Raw! Here's all the action that went down last night. After Banks submitted Bliss, DeVille and Rose backed Bliss into a corner before she was rescued by veteran Mickie James .

So far, Sanofi has made about $617 million in profits since flu season began, and GSK's vaccine business grew by about 76 percent. The flu is still widespread in the US , and the number of deaths among children has climbed to 84.

Though it was bloody and brutal, it was not one for the purists, with Eubank Jr wildly swinging in an attempt to turn the tide. The victor goes forth to the World Boxing Super Series final and will face either fellow Brit Callum Smith or Jurgen Brahmer .

The competition is called "Invitation Only", and the houseguests have to collect puzzle pieces and complete their puzzle first. It was another sympathy eviction, unfortunately, that went down on the Monday, February 19 live veto and eviction episode.

The movie now enjoys the distinction as the biggest opening weekend at the box-office for a feature launched in February. Fittingly, the red carpet for the world premiere earlier this month put every other red carpet to shame.

She added that the citizenship of those killed had not been verified, but clarified that they were not Russian military personnel. How did the Kremlin react? But the Kremlin along with Russian President Vladimir Putin refuse to admit anything about the deaths.

Follow Us!

Join The Conversation

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.

Attorney Pleads Guilty to Lying to Mueller Investigators
Manafort was close to Ukrainian and Russian political and business figures with ties to Russian President Vladimir Putin. The attorney, Alex van der Zwaan, worked in London for the prominent NY law firm Skadden, Arps, Slate, Meagher & Flom.

Boston Red Sox sign JD Martinez
In essence, that night summed up Martinez's summer with the D-backs and his 2017 season in general, so Red Sox fans: Have fun. He hit.303 with 45 homers and 104 RBIs past year for Detroit and Arizona , which acquired him on July 18 for three prospects.